AvenueWest Corporate Housing was co-founded by Kimberly Smith in 1999. Ms. Smith had been working in the corporate housing industry since 1994, and she felt strongly that the Denver area could benefit from a more innovative managed corporate housing model.

A little background on managed corporate housing…

Traditional corporate housing companies will rent apartments on a one-year lease, add rental furniture and housewares, and then add utilities (including electric, gas, cable, internet and phone services). Then, they rent these properties to their corporate clients on a month-to-month basis.

Corporations rent this longer-term housing for their employees and consultants who are traveling on assignment, who are relocating or who are displaced for insurance needs.

Corporations are willing to pay a premium to have the flexibility of a month-to-month lease with a 14-day or 30-day notice. It gives them more flexibility when their employees’ timing needs change.

She felt that if AvenueWest Corporate Housing could provide the corporation with a better product—a condo, townhome or even a home—the employees would have a better stay and be more productive at their work assignments.

In addition, utilizing her real estate license, Ms. Smith saw an opportunity to manage properties owned by individuals, allowing those individuals to receive higher rental rates than they could on the unfurnished market. Plus, the property owners would see high-quality tenants:

The corporation would be the signer and the responsible party on the lease. Therefore, the collection of rents would not be an issue.

The occupants would know their employer was responsible for the property, so they wouldn’t do anything to their corporate apartment that would make them get disciplined at work. The wear and tear expenses over several years would be much lower.

With this concept, AvenueWest Corporate Housing was born.

In 2004, Angela Healy joined the team as the chief financial officer and manager to help with the expansion of the business. The company grew and later expanded into Colorado Springs, Colo. and San Francisco, Calif.

In 2009, the main sales manager in Colorado Springs, Colo. approached Ms. Smith about the possibility of buying and owning the Colorado Springs office. Ms. Smith founded AvenueWest Global Franchise, and in January 2010, the first AvenueWest franchisee office was opened in Colorado Springs.

The franchising model was a key decision in the long-term success of this model. Local pride of ownership allows for each property to maintain AvenueWest’s strict standards. All of the current AvenueWest franchisees are owned by real estate agents that are intimately familiar with their city and the residential real estate values. The agent/owners are always looking for the right value of properties to get their individual investors the return on investment (ROI) they require.

In May 2017, Angela and Tim Healy purchased the AvenueWest Global Franchise from Ms. Smith. Ms. Smith continues to serve as the founder and chief business development officer of the company.

The Healys had a unique perspective on the franchise model because they’d owned:

AvenueWest Denver since 2010

AvenueWest San Francisco since 2012

AvenueWest Atlanta since 2016

Shortly after assuming ownership, the Healys added a national sales team. It’s responsible for working with larger national companies and representing their housing needs in all of the markets that AvenueWest services.

The company also added the St. Louis franchise in late 2017, the Las Vegas franchise in early 2018 and Denver South / DTC in the second quarter of 2018.

AvenueWest has been recognized by a variety of industry leaders. Honors include:

2018 Colorado’s Companies to Watch Award

A unique, statewide awards program recognizing growing companies that fuel the economic fire of the state.

2018 Think Realty Magazine: Industry Influencers

Think Realty’s 2018 Industry Influencers list recognizes seven individuals who are making very distinct, measurable differences in the way that the real estate industry invests and in how the industry as a whole is perceived by the general public.

2010 Company of the Year
An honor bestowed by our industry’s trade organization: Corporate Housing Providers Association (CHPA).

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Are you a realtor?
Are you looking for a way to have recurring revenue? Would it be nice to have a built in referral source for your Real estate buys and sells? Have you ever wanted to own your own franchise business? Consider joining the AvenueWest team.

Our proven model provides you with recurring monthly revenue from corporations for relocation or temporary assignments. You are able to develop investor leads to buy and sell real estate for your portfolio of properties. In addition as employees are relocating you can cultivate those tenants into buyers.